"Sesame Workshop, the non-profit organization behind Sesame Street, is constantly assessing where we must invest for the future in response to today’s rapidly changing digital environment," the Workshop said. "After careful review, we have concluded that we must reduce our workforce by approximately 10% to strategically focus our resources."

The statement concludes that the Workshop remains "optimistic about our future and remain committed to our mission of helping children reach their highest potential here and around the globe."

This isn't the first time that the home of Big Bird, Elmo and other Muppet-Americans has suffered job losses; in 2009, the company cut 20 percent of its workforce, slashing 67 of 355 posts at the Workshop.